News

Gold prices rose Rs 154 to Rs 55,397 per 10 grams in the national capital on Monday amid a rise in prices of the precious metal internationally, according to Securities. The yellow metal had ended at Rs 55,243 per 10 grams in the previous trade. Silver, however, declined Rs 17 to Rs 69,831 per kilogram.

Yen’s rebound continues in Asian session today, and looks set to end as the best performer for the month. Swiss Franc follows as the next strongest with much help from buying against Euro and Sterling, and overall bearish market sentiment. Canadian and Australian Dollars are the worst in December for the same reason while Dollar

For most investors, 2023 doesn’t need to be complicated: China is reopening and the rest of the world is slowing down. So invest in China. It’s not just that, Chinese companies are trading remarkably cheap and the government has indicated that rekindling economic growth is a priority. I could go on but I don’t think

Oil prices pared losses after falling by over $2 earlier in the session, as a weaker dollar partially offset demand fears resulting from surging COVID-19 cases in China. Brent futures for February fell 96 cents, or 1.15%, to $82.30 a barrel by 1208 GMT. The more active March contract fell 1.2% to $82.98/bbl, after falling

Trading in the forex markets remain mixed and non-committal. Yen’s pull back appeared to have run its course already, and recover broadly today. Euro and Swiss Franc are now on the firmer side. On the other hand, Dollar is weak together with Aussie and Sterling. Canadian and New Zealand Dollar are mixed. Meanwhile, European stock

There was a flurry of data today before markets settled into the holiday week ahead that will have Stock and bond markets closed on Monday in observance of Boxing Day and Christmas and early closes next Friday and on Monday for New Years. The forex market will be open Monday to Friday as is customary,

Gold prices reached a six-month high of $1833 during the week as the number of Covid cases surged across countries, triggering a safe haven appeal for the metal. At the time of writing, gold prices hovered around $1805, making a significant slide from the highs but still are up 0.9% for the week gone by.

Range trading continues in overall quiet markets today. The batch of economic data from the US and Canada trigger little reactions. Yen is still set to end as the strongest one for the week, followed by Canadian and then Swiss Franc. Kiwi is the worst, followed by Sterling and than Dollar. In Europe, at the

The major indices are closing higher for the second consecutive day. The Dow, S&P and NASDAQ indices will close up about 1.5%. The final numbers showing: Dow Industrial Average rose 526.74 points or 1.6% at 33376.49 S&P index rose 56.78 points or 1.49% at 3878.39 NASDAQ index rose 162.27 points or 1.54% at 10709.38 Russell

The yellow metal kicked off 2022 with all glam and glitter — for once the geopolitical crisis between Russia and Ukraine can be credited for this. It actually pushed the demand for the yellow metal higher. After a corrective phase, following successive rate hikes by central banks, the year-end once again saw the prices of

The markets appear to be back in risk-on mode as seen in major European indexes and US futures. Aussie is recovering notably, followed by Swiss Franc. But New Zealand Dollar is the weakest for the day, followed by Sterling and then Yen. Dollar and Euro are mixed. As for the week, Kiwi is the worst

Markets: Gold up $16 to $1793 US 10-year yields up 3.6 bps to 3.48% WTI crude oil down $1.80 to $74.31 S&P 500 down 43 points to 3852 (-1.1%) JPY leads, CHF lags The market continued to digest the Fed and ECB stance on Friday and the message is a souring of the mood, leading

New Delhi: Even as silver has had a volatile 2022, with the white metal seeing strong profit booking currently, it has managed to beat the yellow metal – gold. However, silver is not merely a precious metal as it has some industrial value too. The low industrial demand due to the global slowdown and drastic

Risk sentiment took a U-turn last week after more hawkish than expected FOMC projections and, more important, ECB forward guidance. Euro ended as the biggest winner for the week, trained by Swiss Franc, and the Dollar. Australian Dollar was the worst performer, followed by Sterling, and then Kiwi. Canadian Dollar and Yen ended mixed. The

The market is betting on the FOMC sounding less hawkish than just a few weeks ago. There’s been a consistent message from a number of top Federal Reserve policymakers that rates need to go higher than anticipated in the autumn when the dot plot looked like this: Nearly all Fed members were between 4.50% and

OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several downgrades, saying that while economic slowdown was “quite evident” there was potential upside such as from a relaxation of China‘s zero-COVID policy. Oil demand in 2023 will rise by 2.25 million barrels per day (bpd), or about

Dollar falls sharply together with treasury yield after US data showed consumer inflation cooled more than expected. Stock futures also jump as reaction. Australian and New Zealand Dollar appear to be leading the way up, followed by Yen and then European majors. The question now is on whether current wave of selloff would sustain pass

There have been rumors of Janet Yellen leaving the White House for a year now but with the midterms done, maybe it actually happens this time. Fox Business’ Charlie Gasparino reports that one of the front-runners if she ‘leaves’ is Bank of America CEO Brian Moynihan. I don’t think he would have any trouble getting